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The Choice between Dividend and Share Repurchase

This paper examines the payout channel choice of listed firms in KLSE, paying particular attention to why some firms prefer to increase dividends while others prefer to repurchase only. The results indicate that higher prior income, more variability of prior income, and a higher level of retained ea...

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Main Author: Mohamad, Jais
Format: E-Article
Published: World Scientific Publishing Co Pte Ltd 2011
Subjects:
HG Finance
Online Access:http://ir.unimas.my/id/eprint/18172/
http://www.worldscientific.com/doi/abs/10.1142/9789814343374_0005
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id my.unimas.ir.18172
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spelling my.unimas.ir.181722017-10-18T07:27:18Z http://ir.unimas.my/id/eprint/18172/ The Choice between Dividend and Share Repurchase Mohamad, Jais HG Finance This paper examines the payout channel choice of listed firms in KLSE, paying particular attention to why some firms prefer to increase dividends while others prefer to repurchase only. The results indicate that higher prior income, more variability of prior income, and a higher level of retained earnings increase the likelihood that the firms will choose to pay out earnings through dividends. The analysis further indicates that some firms substitute repurchases for dividends. World Scientific Publishing Co Pte Ltd 2011 E-Article PeerReviewed Mohamad, Jais (2011) The Choice between Dividend and Share Repurchase. Studies on Financial Markets in East Asia. pp. 75-88. ISSN ISBN: 978-981-4343-36-7 http://www.worldscientific.com/doi/abs/10.1142/9789814343374_0005 doi : 10.1142/9789814343374_0005
institution Universiti Malaysia Sarawak
building Centre for Academic Information Services (CAIS)
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sarawak
content_source UNIMAS Institutional Repository
url_provider http://ir.unimas.my/
topic HG Finance
spellingShingle HG Finance
Mohamad, Jais
The Choice between Dividend and Share Repurchase
description This paper examines the payout channel choice of listed firms in KLSE, paying particular attention to why some firms prefer to increase dividends while others prefer to repurchase only. The results indicate that higher prior income, more variability of prior income, and a higher level of retained earnings increase the likelihood that the firms will choose to pay out earnings through dividends. The analysis further indicates that some firms substitute repurchases for dividends.
format E-Article
author Mohamad, Jais
author_facet Mohamad, Jais
author_sort Mohamad, Jais
title The Choice between Dividend and Share Repurchase
title_short The Choice between Dividend and Share Repurchase
title_full The Choice between Dividend and Share Repurchase
title_fullStr The Choice between Dividend and Share Repurchase
title_full_unstemmed The Choice between Dividend and Share Repurchase
title_sort choice between dividend and share repurchase
publisher World Scientific Publishing Co Pte Ltd
publishDate 2011
url http://ir.unimas.my/id/eprint/18172/
http://www.worldscientific.com/doi/abs/10.1142/9789814343374_0005
_version_ 1644512797161160704
score 13.15806

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